Bridgewater Bancshares Inc

BWB · NASDAQ · Financial Services / Banks - Regional

20.77USD+0.04 (+0.19%)

Price History

Full chart

Market Stats

Previous Close20.73

Open20.82

Day Range20.50 – 21.09

52-Week Range16.06 – 22.62

Volume70.27K

Market Cap579.15M

P/E (TTM)11.29

Forward P/E11.25

EPS1.84

Dividend Yield0.00%

Beta0.58

50-Day Avg21.31

200-Day Avg19.42

About

Bridgewater Bancshares, Inc. operates as the bank holding company for Bridgewater Bank that provides banking products and services in the United States. The company provides commercial loans, including loans secured by nonfarm, nonresidential properties, multifamily residential properties, and nonowner occupied single family residential properties; construction, land development, and commercial and industrial loans; commercial real estate loans, such as owner and nonowner occupied properties; single family residential construction, land development, finished lots and raw land, and commercial and multifamily construction loans, as well as paycheck protection program loans. It offers deposit products, including savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction accounts, as well as certificates of deposit. In addition, the company offers online, mobile, and direct banking services. The company was incorporated in 2005 and is headquartered in Saint Louis Park, Minnesota.

Company Details

SectorFinancial Services
IndustryBanks - Regional
CEOMr. Gerald John Baack
Employees355
Headquarters4450 Excelsior Boulevard, Saint Louis Park, MN, United States, 55416, USA
Websitehttps://www.bridgewaterbankmn.com

Leadership

Mr. Gerald John BaackCEO, Founder & Non Independent Executive Chairman · b. 1967
Mr. Joseph M. ChybowskiPresident & CFO · b. 1987
Mr. Jeffrey D. ShellbergCo-Founder, EVP, Secretary & Non Independent Executive Director · b. 1962
Ms. Lisa M. SalazarChief Operating Officer · b. 1973
Mr. Nicholas L. PlaceChief Banking Officer · b. 1985
Ms. Laura EspesethChief Administrative Officer · b. 1982
Mr. Justin HorstmanDirector of Investor Relations
Mr. Ben M. Klocke J.D.General Counsel
Mr. Daniel D. PoppeSenior VP of Commercial Banking · b. 1948
Mr. Tony FerraroManaging Director of Banking

Financials

Income Statement

Currency: USD	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	-	53.20M	68.88M	87.77M	107.60M	120.67M	134.19M	169.34M	226.95M	251.44M	291.63M
Growth (%)	-	-	+29.48%	+27.42%	+22.60%	+12.14%	+11.20%	+26.20%	+34.02%	+10.79%	+15.98%
Cost of Revenue	-	11.76M	16.35M	24.06M	32.35M	39.61M	24.52M	41.70M	117.01M	147.23M	154.01M
Gross Profit	-	41.44M	52.53M	63.71M	75.26M	81.05M	109.67M	127.64M	109.94M	104.22M	137.62M
Gross Margin	-	77.89%	76.27%	72.58%	69.94%	67.17%	81.73%	75.38%	48.44%	41.45%	47.19%
Operating Expense	-	20.17M	25.50M	31.56M	36.93M	45.39M	48.09M	55.93M	57.42M	61.48M	76.14M
Operating Income	-	21.27M	27.04M	32.14M	38.33M	35.67M	61.57M	71.71M	52.52M	42.74M	61.48M
Operating Margin	-	39.98%	39.25%	36.62%	35.62%	29.56%	45.89%	42.35%	23.14%	17.00%	21.08%
EBITDA	-	21.96M	27.92M	33.10M	39.52M	37.06M	64.13M	74.96M	55.66M	45.74M	64.70M
EBITDA Margin	-	41.27%	40.54%	37.71%	36.73%	30.72%	47.79%	44.27%	24.53%	18.19%	22.19%
Net Income	11.20M	13.21M	16.89M	26.92M	31.40M	27.19M	45.69M	53.39M	39.96M	32.83M	46.09M
Net Income Margin	-	24.84%	24.52%	30.67%	29.18%	22.54%	34.05%	31.53%	17.61%	13.05%	15.80%
R&D	-	-	-	0	-	-	-	-	-	-	-
R&D as % of Total Revenue	-	-	-	0.00%	-	-	-	-	-	-	-
Interest Expense	0	8.51M	12.17M	20.49M	29.65M	26.86M	19.37M	34.00M	117.18M	143.71M	149.41M
Interest Expense % of Total Revenue	-	16.00%	17.67%	23.34%	27.55%	22.26%	14.44%	20.08%	51.63%	57.15%	51.23%

Balance Sheet

Currency: USD	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	1.26B	1.62B	1.97B	2.27B	2.93B	3.48B	4.35B	4.61B	5.07B	5.41B
Total Liabilities	1.15B	1.48B	1.75B	2.02B	2.66B	3.10B	3.95B	4.19B	4.61B	4.89B
Total Equity	115.37M	137.16M	221.00M	244.79M	265.40M	379.27M	394.06M	425.51M	457.94M	517.10M
Cash	21.20M	26.80M	31.75M	34.59M	163.53M	145.35M	88.22M	128.56M	234.14M	123.51M
Total Debt	116.00M	132.53M	181.63M	174.23M	142.24M	134.74M	476.65M	412.54M	452.92M	508.18M
Net Debt	94.80M	105.73M	149.88M	139.64M	-21.30M	-10.61M	388.43M	283.98M	218.78M	384.67M

Cash Flow

Currency: USD	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	14.93M	24.90M	29.41M	39.53M	23.02M	54.24M	85.00M	30.02M	46.38M	27.81M
Investing Cash Flow	-266.10M	-350.18M	-354.24M	-276.21M	-530.33M	-571.42M	-938.24M	-209.18M	-95.24M	-417.47M
Financing Cash Flow	254.09M	332.51M	329.55M	240.18M	636.05M	499.99M	796.81M	220.69M	150.06M	283.40M
Capital Expenditure	2.19M	1.24M	3.72M	15.57M	24.69M	777.00K	1.63M	2.97M	4.08M	5.85M
Free Cash Flow	12.74M	23.67M	25.69M	23.95M	-1.67M	53.46M	83.37M	27.05M	42.30M	21.96M
Dividends Paid	-	-	1.17M	258.00K	317.00K	1.17M	4.05M	4.05M	4.05M	4.05M
FCF to OCF	85.33%	95.04%	87.35%	60.60%	-7.25%	98.57%	98.08%	90.10%	91.20%	78.98%
Dividend Paid to FCF	-	-	4.56%	1.08%	-18.99%	2.19%	4.86%	14.99%	9.58%	18.46%

Earnings

Report Date	Feb 3, 2017	Dec 1, 2017	Mar 14, 2018	Apr 26, 2018	Jul 26, 2018	Oct 25, 2018	Jan 24, 2019	Apr 25, 2019	Jul 25, 2019	Oct 24, 2019	Jan 23, 2020	Apr 30, 2020	Jul 30, 2020	Oct 29, 2020	Jan 28, 2021	Apr 29, 2021	Jul 29, 2021	Oct 28, 2021	Jan 27, 2022	Apr 28, 2022	Jul 28, 2022	Oct 27, 2022	Jan 25, 2023	Apr 26, 2023	Jul 26, 2023	Oct 25, 2023	Jan 24, 2024	Apr 24, 2024	Jul 24, 2024	Oct 23, 2024	Jan 29, 2025	Apr 23, 2025	Jul 23, 2025	Oct 21, 2025	Jan 27, 2026	Apr 21, 2026	Jul 21, 2026	Oct 20, 2026
EPS Estimate	0.00	0.00	0.00	0.21	0.20	0.23	0.23	0.24	0.24	0.27	0.27	0.24	0.23	0.24	0.24	0.33	0.37	0.38	0.39	0.39	0.41	0.46	0.47	0.33	0.31	0.28	0.26	0.25	0.24	0.24	0.24	0.29	0.34	0.39	0.41	0.41	0.46	0.47
EPS Actual	0.12	0.47	0.20	0.23	0.22	0.21	0.25	0.23	0.26	0.27	0.29	0.25	0.26	0.25	0.32	0.37	0.38	0.41	0.39	0.39	0.41	0.47	0.45	0.37	0.31	0.30	0.28	0.24	0.26	0.27	0.26	0.31	0.37	0.39	0.44	0.41	0.45	-
Surprise	-	-	-	9.52%	10.00%	-8.70%	8.70%	-4.17%	8.33%	0.00%	7.41%	4.17%	13.04%	4.17%	33.33%	12.12%	2.70%	7.89%	0.00%	0.00%	0.00%	2.17%	-4.26%	12.12%	0.00%	7.14%	7.69%	-4.00%	8.33%	12.50%	8.33%	6.90%	8.82%	0.00%	7.32%	0.00%	-2.17%	-
Timing	-	-	After-hours	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours

Key Statistics & Ratios

Market Cap579.15M

Enterprise Value893.93M

Trailing P/E11.29

Forward P/E11.25

PEG Ratio0.73

Price / Sales3.67

Price / Book1.19

EPS1.84

Book Value17.27

Revenue (TTM)157.79M

Gross Profit (TTM)157.79M

Profit Margin35.71%

Operating Margin47.76%

Return on Equity11.00%

Return on Assets1.06%

Shares Outstanding27.88M

Shares Float22.50M

Beta0.58

Dividend Yield0.00%

Dividend Rate0.00

Payout Ratio0.00%

Analyst Ratings

Strong Buy

Based on 3 analystsTarget 24.00

Strong Buy
2
Buy
1

Ownership Breakdown

Institutions: 69.97%
Insiders: 19.76%
Retail / Other: 10.27%

Top Institutional Holders

Thrivent Financial For Lutherans
2.25M8.08%
BlackRock Inc
1.59M5.69%
AllianceBernstein L.P.
1.31M4.71%
Dimensional Fund Advisors, Inc.
1.10M3.94%
Vanguard Capital Management, LLC
919.52K3.30%
American Century Companies Inc
708.42K2.54%
Geode Capital Management, LLC
496.07K1.78%
State Street Corp
454.47K1.63%
Punch & Associates Inv Mgmt Inc
434.66K1.56%
Rhino Investment Partners, Inc.
430.46K1.54%
Acadian Asset Management LLC
368.23K1.32%
Tradition Wealth Management LLC
351.87K1.26%
Arrowstreet Capital Limited Partnership
348.02K1.25%
Next Century Growth Investors LLC
318.38K1.14%
Renaissance Technologies Corp
314.35K1.13%

Top Fund Holders

Thrivent Small Cap Stock A
1.55M5.57%
Vanguard MStar Total Stk Mkt Idx Invest
678.42K2.43%
Avantis US Small Cap Value ETF
664.40K2.38%
iShares Russell 2000 ETF
560.87K2.01%
Thrivent Small Cap Stock
512.93K1.84%